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This 5-year MOU, which facilitates the use of each other’s Engineering manpower and EDA tools required, is a joint responsibility of IITM and MMRFIC

The contract is for the manufacture, supply, and support of the Airborne Intensive Care Transport Module

The company will be using around 70% renewable energy in its Bangalore (6.6 MW Wind and 6 MW Solar) and Pune Plants (5.7 MW Solar)

As per the scheme, MMRFIC is eligible for a grant amount of Rs 10 crore under this award

The shares were disposed of at an average price of Rs 835 apiece, taking the combined transaction size to Rs 622.35 crore

Earlier, the company had also been awarded an order worth Rs 49.70 crore from the same customer

Sansera has a right to invest further and increase its stake up to 51% at a predefined valuation formula